Delays on Keystone XL hurting many Americans

[petros]

Try building a refinery under today's regs. XL will make us a fortune. America has all the crude it needs for fuel DG. It's the the parrafins and esters found in heavy oil that they lack needed for a polymer and petrochemicals. The plants to make these products would never get passed here, on the gulf coast they already exist and are grandfathered. The ROI for Canadians investing in this gulf coast plants outweighs ROI in building here.

When you get away from the train of thought that all oil goes for fuel you'll gain a better understanding of the big picture.

A partial list of products made from Petroleum (144 of 6000 items)

One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:

Solvents

Diesel fuel

Motor Oil

Bearing Grease

Ink

Floor Wax

Ballpoint Pens

Football Cleats

Upholstery

Sweaters

Boats

Insecticides

Bicycle Tires

Sports Car Bodies

Nail Polish

Fishing lures

Dresses

Tires

Golf Bags

Perfumes

Cassettes

Dishwasher parts

Tool Boxes

Shoe Polish

Motorcycle Helmet

Caulking

Petroleum Jelly

Transparent Tape

CD Player

Faucet Washers

Antiseptics

Clothesline

Curtains

Food Preservatives

Basketballs

Soap

Vitamin Capsules

Antihistamines

Purses

Shoes

Dashboards

Cortisone

Deodorant

Footballs

Putty

Dyes

Panty Hose

Refrigerant

Percolators

Life Jackets

Rubbing Alcohol

Linings

Skis

TV Cabinets

Shag Rugs

Electrician's Tape

Tool Racks

Car Battery Cases

Epoxy

Paint

Mops

Slacks

Insect Repellent

Oil Filters

Umbrellas

Yarn

Fertilizers

Hair Coloring

Roofing

Toilet Seats

Fishing Rods

Lipstick

Denture Adhesive

Linoleum

Ice Cube Trays

Synthetic Rubber

Speakers

Plastic Wood

Electric Blankets

Glycerin

Tennis Rackets

Rubber Cement

Fishing Boots

Dice

Nylon Rope

Candles

Trash Bags

House Paint

Water Pipes

Hand Lotion

Roller Skates

Surf Boards

Shampoo

Wheels

Paint Rollers

Shower Curtains

Guitar Strings

Luggage

Aspirin

Safety Glasses

Antifreeze

Football Helmets

Awnings

Eyeglasses

Clothes

Toothbrushes

Ice Chests

Footballs

Combs

CD's & DVD's

Paint Brushes

Detergents

Vaporizers

Balloons

Sun Glasses

Tents

Heart Valves

Crayons

Parachutes

Telephones

Enamel

Pillows

Dishes

Cameras

Anesthetics

Artificial Turf

Artificial limbs

Bandages

Dentures

Model Cars

Folding Doors

Hair Curlers

Cold cream

Movie film

Soft Contact lenses

Drinking Cups

Fan Belts

Car Enamel

Shaving Cream

Ammonia

Refrigerators

Golf Balls

Toothpaste

Gasoline

Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than*
250 cubic feet of natural gas per day each! But, as shown here petroleum is not just used for fuel.

 

[tay]

What!

Freedomland's Oil being exported instead of used to lower the price Muricans pay for fuel?

Muricans need the Keystone Pipeline......har,har.......








800,000 Tons of Alaskan Crude Oil Imported to Korea, 1st Time in 14 Years






Korean refineries are moving quickly to import crude oil from the U.S. Recently, U.S. condensate (ultra light crude oil) was imported for the first time in 39 years. Import of Alaskan crude oil also started again, which was suspended after the year 2000.


According to the industry, an oil tanker of GS Caltex loaded with 800,000 tons of crude oil produced in the North Slope oilfield located in Northern Alaska, U.S., will arrive at Yeosu port, South Jeolla Province, on Oct. 10. There have been no imports of Alaskan crude oil at all for the past 14 years. GS Caltex imported the U.S. condensate through Yeosu on Sept. 10 as well for the first time in 39 years.

The U.S. has been prohibiting the export of crude oil under the Energy Policy and Conservation Act of 1975, after the Middle East oil embargo. However, the Clinton Administration made Alaska an exception in 1996. After 2004, Alaskan crude oil has not been traded in international markets due to conflicts in price.


Some say that the import of the Alaskan crude oil this time is largely due to effects of shale gas in the U.S. After the shale evolution, crude oil production in the U.S. surged, and the competitiveness of Alaskan crude oil, which has a relatively low price, was hurt. This is why Alaskan crude oil started to be traded internationally after the price was adjusted.


According to the U.S. Energy Information Administration (EIA), daily crude oil production in the U.S. increased from 5.61 million barrels in January 2011 to 8.53 million barrels in July this year. The U.S. is expected to become the largest oil-producing country, beating Saudi Arabia, by 2020. As the oversupply of crude oil is getting serious in the U.S., the export of Alaskan crude oil is likely to increase.


However, import of Alaskan crude oil this time will not quite help Korean refineries to diversify crude oil suppliers. GS Caltex did not directly import Alaskan crude oil, but purchased it from an intermediary vendor (distribution company) on a spot basis. Whether Korean refineries will additionally import the Alaskan crude oil or not is not known yet.


Korean refineries are still very interested in this case, as they need to be prepared, securing suppliers and checking the quality, for the possible situation in which U.S. crude oil is officially and legally allowed to be imported.







US Oil Imports: 800,000 Tons of Alaskan Crude Oil Imported to Korea, 1st Time in 14 Years | BusinessKorea

 

[gopher]

mebbe it ain't hurtin' as much as some might wanna think ...




..

 

[taxslave]

mebbe it ain't hurtin' as much as some might wanna think ...




..

But theft at the pump continues. Especially for diesel.

 

[Walter]

They're still up quite a bit since he took office. Up about $1.40/gallon. Prices are coming down because of fracking which makes BHO proud.

 

[taxslave]

They're still up quite a bit since he took office. Up about $1.40/gallon. Prices are coming down because of fracking which makes BHO proud.

Prices are coming down because of world over supply. Frakking is just a small part of it. And Obummer does deserve some credit for permitting frakking to continue despite the many anti everything groups that are part of his voter base.